Author: News Desk

Accomadative stance Reserve Bank of India (RBI) has kept the repo rate unchanged at 4 per cent for the 10th time in a row. The central bank continued with “accommodative” stance. The reverse repo rate has also been kept unchanged at 3.35 per cent. RBI governor Shaktikanta Das said that the decision has been taken as continued policy support was warranted to support economic growth. The RBI chief stated that the GDP (gross domestic product) growth of 9.2 per cent in FY22 (2021-22) would take the economy above pre-pandemic level and projected 7.8 per cent growth for the next financial year…

https://youtu.be/lPUVbLdWu80 Knowledge-based economyThe UAE has been focusing on creating a knowledge-based economy, harnessing technology and innovative ideas. The nation’s ambitions are primarily being driven by Dubai which is home to over 10,000 small and medium startups. The UAE is aiming to create 20 unicorns or startups valued at over $ 1 billion in the next nine years.  It is already a leader in the MENA region in terms of tech-transformation, digital-acceleration and embracing innovative ideas.  Liberal policiesThe nation is working systematically and methodically to achieve the target of creating 20 unicorns in nine years, a senior minister said. He believes the UAE has…

https://youtu.be/P8NZUwtO3iI Low demandElectric cycles are finding more traction in markets like Europe, the US, China and Japan than in India. This is because of the lack of incentives available to both the manufacturers and buyers. In  India, the  demand for E-cycles is below par considering the high acquisition cost of over Rs 30,000. Need more attentionThe cycle industry is kept out of key government schemes like the production-linked incentive (PLI) policy or FAME-II, an industry expert said. At a time when the government is focussing on clean mobility and looking for ways to promote EVs in the country, the e-cycle segment calls…

 First-of-its-kindHomegrown social commerce platform Meesho Announced a first-of-its-kind Boundaryless Workplace Model.Through this model, the firm is giving its employees the power to choose to work from home, office or any location of their choice.With a focus on seamless employee experience, Meesho will enable its workforce with real-time and virtual collaboration tools.  Boundaryless WorkingMeesho has over 1,700 employees currently and the new policy will be applicable to all employees.The company will enable its workforce in a way providing opportunities for teams to even meet and collaborate in person. The  company will introduce initiatives like trips to attend quarterly summits and an annual…

https://youtu.be/Mz2kQlw0wUI Huddle summitThe third edition of the Huddle Global Summit, Asia’s biggest startup conference, will be held on February 19 and 20. The Virtual Summit organised by Kerala Startup Mission will be inaugurated by Chief Minister Pinarayi Vijayan and chaired by Industries Minister P Rajeeve. World-renowned startup founders, mentors, investors, business leaders and government representatives will attend the summit. The aim of the event is to introduce entrepreneurial potential and ensure technical and financial support for startups. Blockchain Innovation ChallengeKSUM collaborates with various global corporate bodies, startup promotion forums and public and private agencies that support startups. The event will feature mentoring,…

https://youtu.be/5rEU6oSf7yU Bata’s new face Bata India Limited has roped in Disha Patani as the new face of the brand. The move comes as Bata looks at strengthening its youth connect and fashion, the company said. Patani will be seen promoting various popular labels under the Bata umbrella. At Bata, we have been on a quest to transform the brand imagery and deliver on the aspirations of the youth, an official said. “Disha, with her lively personality and positive energy, fits in perfectly with our brand narrative that blends together style and comfort,” he said. “I look forward to working with…

https://youtu.be/Pqgp180uuLU Tracking Musk’s jetJack Sweeney is a 19-year-old freshman at the University of Central Florida in Orlando. Recently, he was in the spotlight for tracking Elon Musk’s jet movements. In 2020, using public data from plane transponders that log longitude, latitude and altitude, Sweeney had built an algorithm. The algorithm has been used to calculate the whereabouts of Musk’s jet ‘Gulfstream G650ER’.Musk’s offerMusk had asked him to shut down his Twitter account and offered him $5,000 for the same. However, Sweeney made a counter-offer asking Musk to raise it to $50,000. Following the private jets of billionaire entrepreneurs and some celebrities…

https://youtu.be/nlg1zqtUZZU Local production slowly Audi is evaluating the feasibility of producing electric vehicles in India. The company has decided to go all-electric globally from 2033. “It is a matter of time for local production of its electric cars,” a senior official said. New e-cars “Now, we are evaluating the acceptability of electric mobility in India,” he said. In the last seven months, Audi India has launched five electric cars. They are: e-tron 50, e-tron 55, e-tron Sportback 55, e-tron GT, RS e-tron GT. Audi will continue to sell these in the coming 12 months.

86th unicorn from India Livspace has crossed the billion-dollar valuation mark after raising $180 million in a late-stage funding round led by KKR & Co. The firm looks to double down on international expansion and take on local competitors. According to Venture Intelligence Unicorn Tracker, the home renovation platform is the 86th “unicorn” from India. In a period of record funding, Indian start-ups saw 43 firms join the club last year alone. Swedish retailer Ikea, among other early backers Jungle Ventures, Venturi Partners and Peugeot Investments, also invested in the round. Expansion plans Livspace, a Singapore-registered firm with significant operations…

https://youtu.be/VpRpefvl-yQ Major recall Tesla has issued a major recall of over 8 lakh electric cars over faulty seat belt reminder alert. An audible alert may not activate when a vehicle starts and the driver has not buckled the seat belt. The US electric car maker is recalling more than 817,000 vehicles in the country. No crashes reported The National Highway Traffic Safety Administration (NHTSA) said the recall pertains to 2021-2022 Model S and Model X. The other models are 2017-2022 Model 3, and 2020-2022 Model Y. These models failed to comply with the “Occupant Crash Protection”. Tesla told NHTSA that…